Hong Kong Developers To Open Winter Park

A group of developers in Hong Kong are planning on building a winter theme park that will include snowboard and ski runs. They hope that the park will attract customers from sub-tropical countries in the area

The company overseeing the project, SnowWorld Hong Kong Ltd., is seeking HK$780 million ($100 million) to finance the theme park, which won approval from Hong Kong city planners last week, the company said in a statement.

The developers, a group of Hong Kong construction professionals, said work will start on the park on Ma Wan island in late 2001, and it will be completed in 2003, two years before a planned nearby Walt Disney Co. theme park.

“The appeal of real snow in a hot humid climate like Hong Kong will be attractive to target audience and we are expecting strong patronage from Hong Kong people and tourists alike,” said David Brechin, SnowWorld’s chairman.

Sun Hung Kai Properties Ltd., Hong Kong’s number two property company, is building a housing project on the island and has approval in principle to add tourist attractions to development. Real estate consultant Cushman & Wakefield is advising SnowWorld.

Hong Kong tourism authorities expect a record 12.5 million people to visit the city in 2000, 18 percent more than in 1999.